Prospect Heights, IL is an ideal place to buy a home due to its housing market. The median value of homes in Prospect Heights is $297,000 and the US median value is $338,100. This shows that Prospect Heights offers more affordable options for buyers than the national average. Additionally, the 1 year house appreciation rate in Prospect Heights is 8.83%, which exceeds the US average of 8.27%. This means that investing in the housing market of Prospect Heights can be a great way to increase equity over time.
The median home cost in Prospect Heights is $297,000. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Prospect Heights is up 14.5%.
Average Age of Homes
- The median age of Prospect Heights real estate is 43 years old
The Rental Market in Prospect Heights
- Renters make up 26.3% of the Prospect Heights population
- 0.0% of houses and apartments in Prospect Heights, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.